Statement of Condition

December 31, 2008  
  
Assets 
Cash and Due from Banks$ 16,427,330
Investment Securities112,426,911
Total Loans
     Commercial32,670,863
     Construction143,436,919
     Real Estate 158,678,059
     Home Equity 33,641,496
     Consumer      8,797,159
     Allowance for Loan Losses(9,770,925)
Bank Premises & Equipment12,584,227
Other Assets8,456,996
Total Assets$ 517,349,035
  
Liabilities 
Savings/Time Deposits
     Interest Checking28,512,741
     Prime Investment Money Market54,130,795
     Regular Money Market7,241,128
     Savings  46,172,993
     Certificates of Deposit253,564,054
Demand Deposits

 68,313,665

Other Liabilities 

 26,959,739

Total Liabilities 

 $ 484,895,115

  
Capital 
Capital Stock 

 $ 1,342,720

Surplus 

 9,177,495

Undivided Profits 

 21,933,705

Total Capital 

 $ 32,453,920

  
Total Liabilities and Capital 

 $ 517,349,035

 

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